Bloomberg McDonald’s Corp. shrugged off Brexit by announcing plans to switch its non-U.S. tax base to the UK, ditching tiny Luxembourg where its fiscal arrangements are under attack from European Union regulators. In an apparent vote of confidence in the U.K., the hamburger giant said it’s creating a new international holding company based in Britain, which decided in June ...

  Bloomberg Alaska Air Group Inc. won U.S. antitrust approval for its acquisition of Virgin America Inc., a takeover that extends years of consolidation in the industry and expands Alaska Air’s access to the lucrative cross-country market. Under an agreement with the Justice Department announced, Alaska Air must reduce the scope of a marketing accord that allows it to sell ...

  Bloomberg Global airline earnings are set to decline next year after reaching a record in 2016 as higher oil prices clip margins, according to the industry’s main trade group. Net income across the sector is likely to total $29.8 billion in 2017, the International Air Transport Association said. That’s 16 percent lower than the $35.6 billion forecast for this ...